Ottawa-based leader in solar energy yield modelling raises new capital to expand globally and advance product roadmap.

Enurgen, developer of the solar industry’s most accurate energy yield performance model, today announced it has secured $4.1M USD in new financing. The round was co-led by Business Development Bank of Canada (BDC), Brightspark, and Diagram, with participation from MaRS IAF.

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Kibby Pollak (Co-Founder, CEO) and Christopher Valdivia (Co-Founder, CTO), Enurgen.

The investment will accelerate the global expansion of Enurgen’s flagship software platform. Enurgen’s novel energy yield modelling software leverages advanced, physics-based models across the lifecycle of solar assets to deliver breakthrough rates of returns.

“This funding marks a major milestone for Enurgen,” said Kibby Pollak, CEO and Co-Founder of Enurgen. “In an era dominated by AI and LLMs, it’s crucial to recognize that critical systems like energy infrastructure continue to rely on physics-based models for accurate and deterministic outputs.”

Meeting Market Momentum

This investment meets a critical moment in the solar industry. Global adoption is surging, but the sector is grappling with intense growing pains. Key incentives are disappearing, designs are becoming more complex, and Power Purchase Agreement (PPA) prices are under constant pressure. This puts downward pressure on PPA prices and exacerbates the challenge of systemic underperformance, where projects often fail to meet their financial expectations. As a result, there is a surging demand for more accurate models that can maximize returns and ensure long-term cash flows are realized.

Enurgen’s novel, physics-based approach is well-positioned to solve the model-to-field accuracy problem. Backed by over a decade of research and development, the model delivers high-resolution, 3D solar irradiance modelling, enabling incident light calculations to scale from an individual solar cell to gigawatt-scale ($1B+) power plants.

“Solar PV is becoming the dominant (renewable) energy source, with panel costs plummeting faster than almost any technology in history—yet the software ecosystem remains stuck in the past,” said Éléonore Jarry, Partner at Brightspark Ventures. “Enurgen’s unique blend of deep academic R&D and strong commercial execution positions them perfectly to deliver the advanced 3D modelling infrastructure the industry desperately needs.”

About Enurgen

Headquartered in Ottawa and founded in 2022, Enurgen specializes in energy yield performance modelling for utility-scale solar assets across their entire lifecycle—from design to operations—empowering global customers to maximize returns and accelerate the clean energy transition.

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